Personally, I feel this is a good strategy and will add diversity to any portfolio while adding passive income monthly like you mentioned, all while building equity over time with no mortgage!

With that being said, we like several regions in the south- offering diverse employment bases, growing populations, and relatively low entry costs.

There is good potential for value-add opportunities in a metro market with a diverse employer base.

Diverse - lots of foreign students cos of Johns Hopkins music school.

There is a lot of diverse housing stock in Yonkers and in my opinion, lots of opportunities to implement a value add strategy!

Avoid 100% occupied.Population: Net influx of population in the metro area over the past 20 yearsEmployment: At least 3 major diverse employers within a 20-mile radiusCap Rate: We don't buy on cap rate, since we are looking for upside post value-add. 

I'd look at population growth, economic drivers, diversity of employment, landlord friendliness, etc. 

I have a diverse background in real estate, having served as a commercial acquisitions analyst, constructor, investor, and professional real estate copywriter.

New to investing and in future I’d like to diversely invest in different kinds of real estate.

A strong market must have a track record for stable and diverse employment, as well as lower unemployment rates.